B7301-121: Banking and the Credit Markets
EMBA Saturday Electives, Menu G - 06:00AM to 07:00AM
Instructor: R. Philip Giles
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It would be an understatement to say that a professor who specializes in debt markets and banking has found the previous five years to be exciting. The upheaval in the US financial markets over these years has included
Bursting of the housing bubble, the subprime meltdown and failure of mortgage brokers, mortgage bankers and monoline insurance companies
Government takeover of government sponsored entities (GSEs)
Failure of some securities dealers with the conversion of others into a bankholding company structure
Collapse of the CDO and ABCP markets
Sharp deterioration in credit quality, frozen credit markets and a severe recession
A tripling of central bank assets due to quantitative easing (Fed, BoE, BoJ).
Meanwhile, European observers are thinking the unthinkable.
Is it feasible to have a unified central bank and single currency while maintaining independent fiscal policies?
Will the market for Euro-area sovereign debt survive?
What are the chances that the euro (and even the ECB) will avoid collapsing?
Although the banks will survive, they will face a more stringent regulatory environment.
This course offers a comprehensive insight into the evolving banking industry and credit market instruments, examining functions, origins, current status and likely future structure
Course content should benefit students with the following career goals whether within or outside the US: Consulting, Financial Analysis, Sales and Trading, Commercial and Investment Banking, Regulatory Agencies, Hedge Funds and Private Equity.